Louisiana
APM Terminals readies $500m investment in Louisiana – Splash247
APM Terminals has lined up $500m for a container terminal on the West Bank of Plaquemines Parish in Louisiana, US.
Maersk’s port operating arm, which currently operates four container terminals in the US and 62 globally, has executed a letter of intent with Plaquemines Port for a new terminal that is said to hold significant potential to enable new business west of the Mississippi River. It will be the port closest to the mouth of the river, with the widest ship turning radius.
“This major commitment shows the market’s tremendous confidence in Louisiana as the home of vibrant, growing port activity,” said Louisiana Governor Jeff Landry, adding that the announcement “is a direct investment into the businesses and industries that have built Louisiana, and I look forward to the major impact our ports will continue to have on job growth and the economy here in our state.”
Plaquemines Port will lease the land to APM Terminals under a 30-year deal with extension options. APM Terminals estimates the initial investment in terminal infrastructure will be approximately $500 million, which will be privately funded.
The initial project, estimated to cost $500m will be privately funded. It will encompass 200 acres, on-dock rail, and a berth capable of handling 14,000 teu vessels, the largest now traversing the expanded Panama Canal. There will be options to expand the site up to 900 acres for terminal expansion and complementary logistics activities, APM Terminals said.
“In time, this greenfield site has all the potential to evolve into one of the big ship gateways into the US,” stated Wim Lagaay, APM Terminals’ senior investment advisor to the CEO.
“This venture allows us to build from the ground up, integrating cutting-edge technologies and sustainable practices to create a modern logistics hub that lifts standards of safety, efficiency, and productivity. Our collaboration with the Plaquemines Port and local stakeholders is key to developing a facility that sets new industry standards and serves as a boon to the economic vitality of the region,” Lagaay added.
Louisiana
‘Growth pays for growth’: Entergy’s Fair Share Plus model to save Louisiana customers $2.8 billion
Think tank proposes capping Social Security benefits at $100,000
A Washington think tank proposed capping annual Social Security benefits at $100,000 for couples as a way to shrink a looming deficit in the retirement trust fund.
When it comes to retiring, the best places to do so often are affordable, have a high quality of life and access to quality healthcare.
If you’re looking for a place to retire, Niche has identified the best places for retirees in Louisiana.
In its list, Niche has taken into account factors like weather, crime rates, housing costs and access to amenities.
The 5 best places to retire in Louisiana according to Niche
These are the top five best places to retire in Louisiana, according to Niche.
1. Oak Hills Place
Oak Hills Place is a suburb of Baton Rouge and is the overall best place to retire in Louisiana. This suburb, located in East Baton Rouge Parish, has a population of 9,038 and offers residents an urban suburban mix feel. The area is highly rated for families, diversity, as well as health and fitness. Here, the median home value is $437,900 and the median rent is $1,422, according to Niche.
2. Westminster
Westminster is another suburb of Baton Rouge and is the second-best place to retire in Louisiana. Located in East Baton Rouge Parish, this suburb has a population of 2,559 and offers residents an urban suburban mix feel. This area is highly rated for nightlife, diversity, families, health and fitness, as well as commute. The median home value here is $266,100 and the median rent is $1,482, says Niche.
3. River Ridge
River Ridge is a suburb of New Orleans, located in Jefferson Parish, and is the third-best place to retire in Louisiana. This suburb has a population of 13,312 and offers residents a dense suburban feel. The area is highly rated for public schools, family, nightlife and diversity. The median home value is $357,400 and the median rent is $1,127, according to Niche.
4. Westlake
Westlake is a town in Calcasieu Parish that is among the best places to retire in Louisiana. With a population of 4,743, this town offers residents a rural feel. The town is highly rated for public schools, housing, families, jobs, cost of living, nightlife and weather. Here, the median home value is $166,100 and the median rent is $1,049, says Niche.
5. Prien
Prien is another town in Calcasieu Parish that is among the best places to retire in Louisiana. This town has a population of 7,119 and offers residents a suburban rural mix feel. The town is highly rated for public schools, housing, families, nightlife and weather. The median home value here is $278,000 and the median rent is $1,292, according to Niche.
Presley Bo Tyler is the Louisiana Deep South Connect Team reporter for USA Today Network. Find her on X @PresleyTyler02 and email at PTyler@Gannett.com
A motorcyclist is recovering after a West Monroe crash involving an 18-wheeler, while Chevron won a Louisiana Supreme Court ruling shifting a major coastal lawsuit back to lower courts. Ouachita deputies arrested a suspect and recovered more than a dozen guns, Mississippi passed a new school social-media safety requirement, and Louisiana’s House advanced a unanimous state budget. A new recovery center opened, and multiple weekend events are underway across northeast Louisiana, plus national updates include stock-market stress guidance, a Ford F-150 recall, Spirit Airlines uncertainty, and tax-refund tips.
-
Movie Reviews2 minutes ago‘Hen’ movie review: György Pálfi pecks at Europe’s migrant crisis through the eyes of a chicken
-
Business32 minutes agoVideo: Why Your Paycheck Feels Smaller
-
Culture56 minutes agoFamous Authors’ Less Famous Books
-
Lifestyle1 hour agoSunday Puzzle: For Mimi
-
Technology1 hour agoThe future of local TV news has taken a Trumpian turn
-
World1 hour agoPope Leo says remarks about world being ‘ravaged by a handful of tyrants’ were not aimed at Trump: report
-
Politics1 hour agoTrump renews bridge, power plant threat against Iran in push for deal, mocks ‘tough guy’ IRGC
-
Health2 hours agoLoneliness may be silently eroding your memory, new research reveals